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Build-A-Bear Workshop (Build-A-Bear Workshop) Piotroski F-Score : 8 (As of Apr. 25, 2024)


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What is Build-A-Bear Workshop Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Build-A-Bear Workshop has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Build-A-Bear Workshop's Piotroski F-Score or its related term are showing as below:

BBW' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Build-A-Bear Workshop was 8. The lowest was 4. And the median was 7.


Build-A-Bear Workshop Piotroski F-Score Historical Data

The historical data trend for Build-A-Bear Workshop's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Build-A-Bear Workshop Piotroski F-Score Chart

Build-A-Bear Workshop Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 7.00 6.00 8.00

Build-A-Bear Workshop Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 7.00 9.00 9.00 8.00

Competitive Comparison of Build-A-Bear Workshop's Piotroski F-Score

For the Specialty Retail subindustry, Build-A-Bear Workshop's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Build-A-Bear Workshop's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Build-A-Bear Workshop's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Build-A-Bear Workshop's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was 14.608 + 8.338 + 7.586 + 22.273 = $52.8 Mil.
Cash Flow from Operations was 18.786 + 13.027 + 0.927 + 31.57 = $64.3 Mil.
Revenue was 120.05 + 109.225 + 107.562 + 149.277 = $486.1 Mil.
Gross Profit was 64.903 + 58.636 + 56.633 + 84.22 = $264.4 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(280.794 + 261.71 + 258.413 + 250.543 + 272.325) / 5 = $264.757 Mil.
Total Assets at the begining of this year (Jan23) was $280.8 Mil.
Long-Term Debt & Capital Lease Obligation was $57.6 Mil.
Total Current Assets was $127.8 Mil.
Total Current Liabilities was $83.7 Mil.
Net Income was 14.191 + 5.83 + 7.455 + 20.51 = $48.0 Mil.

Revenue was 117.662 + 100.685 + 104.48 + 145.11 = $467.9 Mil.
Gross Profit was 61.828 + 49.912 + 54.33 + 79.803 = $245.9 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(266.324 + 256.425 + 263.435 + 259.801 + 280.794) / 5 = $265.3558 Mil.
Total Assets at the begining of last year (Jan22) was $266.3 Mil.
Long-Term Debt & Capital Lease Obligation was $59.1 Mil.
Total Current Assets was $147.4 Mil.
Total Current Liabilities was $101.2 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Build-A-Bear Workshop's current Net Income (TTM) was 52.8. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Build-A-Bear Workshop's current Cash Flow from Operations (TTM) was 64.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jan23)
=52.805/280.794
=0.18805601

ROA (Last Year)=Net Income/Total Assets (Jan22)
=47.986/266.324
=0.18017903

Build-A-Bear Workshop's return on assets of this year was 0.18805601. Build-A-Bear Workshop's return on assets of last year was 0.18017903. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Build-A-Bear Workshop's current Net Income (TTM) was 52.8. Build-A-Bear Workshop's current Cash Flow from Operations (TTM) was 64.3. ==> 64.3 > 52.8 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=57.609/264.757
=0.21759198

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=59.08/265.3558
=0.22264446

Build-A-Bear Workshop's gearing of this year was 0.21759198. Build-A-Bear Workshop's gearing of last year was 0.22264446. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jan24)=Total Current Assets/Total Current Liabilities
=127.772/83.733
=1.52594557

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=147.431/101.151
=1.45753379

Build-A-Bear Workshop's current ratio of this year was 1.52594557. Build-A-Bear Workshop's current ratio of last year was 1.45753379. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Build-A-Bear Workshop's number of shares in issue this year was 14.196. Build-A-Bear Workshop's number of shares in issue last year was 14.763. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=264.392/486.114
=0.54388888

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=245.873/467.937
=0.52544039

Build-A-Bear Workshop's gross margin of this year was 0.54388888. Build-A-Bear Workshop's gross margin of last year was 0.52544039. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jan23)
=486.114/280.794
=1.73121221

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=467.937/266.324
=1.75702152

Build-A-Bear Workshop's asset turnover of this year was 1.73121221. Build-A-Bear Workshop's asset turnover of last year was 1.75702152. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+0
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Build-A-Bear Workshop has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Build-A-Bear Workshop  (NYSE:BBW) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Build-A-Bear Workshop Piotroski F-Score Related Terms

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Build-A-Bear Workshop (Build-A-Bear Workshop) Business Description

Traded in Other Exchanges
Address
415 South 18th Street, St. Louis, MO, USA, 63103
Build-A-Bear Workshop Inc is a U.S.-based specialty retailer of customized stuffed animals and related products. The company operates through three segments. Its Direct-to-consumer segment includes the operating activities of corporately-managed locations and other retail delivery operations in the U.S., Canada, China, Denmark, Ireland, and the U.K., including the company's e-commerce sites and temporary stores. The international franchising segment includes the licensing activities of the company's franchise agreements with store locations in Europe, Asia, Australia, the Middle East, and Africa. The commercial segment includes the transactions with other businesses, mainly comprised of licensing the intellectual properties for third-party use and wholesale activities.
Executives
Sharon Price John director, officer: CEO & Chief Pres. Bear 1954 INNERBELT BUSINESS CTR. DR., ST. LOUIS MO 63017
Jennifer Kretchmar officer: Ch. Prod. Off. and Innov. Bear 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114
Eric R Fencl officer: Chief Bearister, Gen. Counsel BUILD-A-BEAR WORKSHOP, INC., 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114
George Carrara director C/O LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Dixon Robert L Jr director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Vojin Todorovic officer: Chief Financial Officer C/O BUILD-A-BEAR WORKSHOP, INC., 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114
J. Christopher Hurt officer: Chief Operations Officer 1954 INNERBELT BUSINESS CTR. DR., ST. LOUIS MO 63114
Maxine Clark officer: CEBear & Chairman of the Board 330 W. 34TH STREET, 4TH FLOOR, NEW YORK NY 10001
Cannell Capital Llc 10 percent owner 245 MERIWETHER CIRCLE, ALTA WY 83414
Lesli Rotenberg director 415 SOUTH 18TH STREET, ST. LOUIS MO 63103
Narayan Raghu Iyengar director 415 SOUTH 18TH STREET, ST. LOUIS MO 63103
Craig Leavitt director 2 PARK AVENUE, NEW YORK NY 10016
David Kanen director 6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Fund, Lp other: See Footnote 1 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc other: See Footnote 1 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076